Broker-dealer MF Global Holdings has named Cogence Capital co-founder James Kemp as global head of foreign exchange.
Kemp will be responsible for managing MF Global’s foreign exchange business worldwide, working to establish an integrated sales and distribution process and deliver a more complete client offering of capital markets products and services.
Prior to Cogence Capital, a quantitative foreign exchange trading company, Kemp was a managing director at Tribeca Global Management, a multi-strategy hedge fund. He began his career at Citigroup in 1983, serving in a number of roles including global head of spot trading and head of foreign exchange in North America.
“Our foreign exchange business represents an integral part of our global product offering and an opportunity to strengthen and expand our overall capital markets business,” said Richard Moore, MF Global’s managing director of Europe. “I’m confident that James’ extensive foreign exchange experience will drive our strategy to increase the firm’s presence in this market and provide greater value for our clients and shareholders.”